art hogan joins us from boston. good morning to you. >> good morning. >> is this what you expected? china pmi decent. not sure if people expected 1% out of that. >> it's interesting. we've seen an improvement over the last month or so in the economic ad calendar across the board. while that's happening, we're seeing real sloppy earnings season. the contradictions here are loud and clear. what i think we're seeing, the fact we went from june to september. since then, we're getting back about 4% on the s&p, about 6.2% on the nasdaq. we've had a bit of a correction into this earnings season and didn't expect better than expected numbers out of china for sure, but the consistency out of the improvement was catching everybody by surprise and probably portends something for tomorrow's job numbers. >> given the fact that not every trading desk is fully staffed, who know what is d order flow is like given what's normal. that niese numbers at the dow, even the s&p's may not be accurate, relative to sentiment? >> it's interesting that you point that out. when you try to figure out if moves ge